"There's always a bigger fish......."
Whilst I wouldn't want to see this situation unfold, just to add a potential contra view to the 'acquisition' debate, an interesting comment was made in the weekend AFR re the BHP bid for Anglo America.
In discussing the bid, the article speculated on BHP's big rival, Rio Tinto and what it could/would do. Stating the obvious, that Rio was overexposed to Iron Ore, the following was a direct quote -
Daniel Sullivan, the portfolio manager of Janus Henderson Investors' global natural resources fund, said Rio did not have "the capacity to fight BHP in an auction for Anglo".
"Rio has much better targets in companies like Pilbara, Arcadium, Patriot, Teck and Sandfire, and needs to build a dynamic growth acquisition partnership model to attract many agreed acquisitions to rapidly diversify their iron ore exposure" Mr Sullivan said.
Good News & Bad News, page-42741
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Last
$3.14 |
Change
-0.100(3.09%) |
Mkt cap ! $9.450B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.10 | $101.3M | 32.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 30 | 274897 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.14 | 246919 | 7 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$3.13 |
Change
-0.100 ( 3.43 %) |
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| Open | High | Low | Volume | ||
| $3.17 | $3.20 | $3.10 | 15825747 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
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